North Atlantic Smaller Cos (LON:NAS) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

Key Points

• The share price of North Atlantic Smaller Cos (LON:NAS) has fallen below its 50-day moving average, currently trading at GBX 377 ($5.05), while the 50-day average is GBX 376.62 ($5.05).
• With a market capitalization of £493.59 million and a price-to-earnings ratio of -92.28, the stock reflects potential concerns for investors.
• North Atlantic Smaller Cos focuses on achieving long-term capital appreciation by investing primarily in smaller-cap public and unquoted companies through its investment trust, NASCIT.

North Atlantic Smaller Cos (LON:NAS - )'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 376.62 ($5.05) and traded as low as GBX 375 ($5.03). North Atlantic Smaller Cos shares last traded at GBX 377 ($5.05), with a volume of 100,062 shares traded.

North Atlantic Smaller Cos Price Performance

The stock has a market cap of £493.59 million, a price-to-earnings ratio of -92.28 and a beta of 0.77. The business's fifty day simple moving average is GBX 376.62 and its 200 day simple moving average is GBX 1,754.52.

About North Atlantic Smaller Cos

NASCIT is a special situations investment trust dedicated to a long-term capital appreciation objective, to achieve positive absolute returns for shareholders with low correlation to the overall market. North Atlantic Smaller Companies Investment Trust PLC (‘NASCIT') targets capital appreciation for its shareholders through investing primarily in smaller cap public and unquoted companies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.